Sunday, July 15, 2018

JR Newsletter: 15 July 2018 (402)

We received no contributions for this week's JR Newsletter.

Sunday, July 8, 2018

JR Newsletter: 8 July 2018 (401)



David Perkins provided this week's contribution.  Each of the three coin images in this week's JR Newsletter come from Perkins too!

What makes our hobby enjoyable for you?  Is it “the people or the coins?”  Or both?  

In my 35 years of seriously collecting and researching coins, tokens, and Numismatic Literature, I’ve met a large number of interesting people, people that I might not have met if it wasn’t for my involvement in the hobby.  Most of these people I have seen from one to five times a year at major coin shows over the years.  I have kept in touch and corresponded with many of these “coin friends” in between shows.  
This week two collectors and JRCS members alerted me to an 1833 CB Half Dollar with PERKINS counterstamped on Liberty that was for sale on e-bay.  I won this coin today.  Thank you Jim and Richard! 




Unless you live in certain areas of the country there is a very low probability that you will meet someone locally with similar collecting interests.  I’ve had a little success with this in the Denver metro area over the years.  Following are three examples.

For over a decade I’ve gotten together a handful of times a year with a local collector and friend to talk coins and numismatics, and share a few new purchases.  We met through JRCS.  As I collect early dollars and he collects Capped Bust Half Dollars by die marriage he usually has more coins for show and tell than I do.  But the conversation is always good, and I always learn something at our lunches.  He now takes the coin photos for my website so I see him more often, and now it’s my new purchases vs. his new purchases, and now most the time I have a few more coins than he to share!   

A couple of years ago I began also getting together with another JRCS member and collector who has collected Capped Bust Quarters for 20 years or more, despite him being quite a bit younger than I am.  We met when we met at my bank and he purchased an early quarter from me.  We got together this week and had a nice two-hour lunch, with me providing a few show and tell coins for him to view, which made us even as last time we got together he had coins with him and I didn’t.   He especially enjoyed viewing a choice Pine Tree Sixpence I had with me.   

And today, a California Collector friend and Numismatist was in the Denver area and I had previously invited him to come over to my house and see my library, and to show him some coins that he wanted to view “in person” from my collection and as well as some coins for sale on my website.  He also wanted to compare his want list for CB Dimes and Half Dimes to the preliminary consignment listing for my ANA H10C and 10C sale coming up in August.   We had a nice two hour visit that felt like it went by in half an hour.  I was impressed as he has read all or most of the JRCS back issues on the Newman Portal, and has built a Numismatic library.   [If you want to be added to my distribution list for early and CB H10C and 10C please send me an e-mail at wdperki(at)attglobal.net ] 

I’ve been a JRCS member since 1986, and I am a long time member of many other Numismatic clubs and organizations for 25 to 30 years.  Looking back, I’ve met a lot of interesting people through our great hobby.  And have seen a lot of great coins too!

W. David Perkins
Centennial, CO



Sunday, July 1, 2018

JR Newsletter: 1 July 2018 (400)



Steve Herrman wrote:

AVAILABLE NOW!

The 6th revision of Auction Prices Realized for Certified & Graded Bust Half Dollars 1794-1839 (APRCG) is now available.

The Summer 2018 APRCG includes prices realized for all certified and graded Bust Halves sold in major auctions over the past three years, June 2015 through May 2018.

Softbound, 140 pages, $28.00 postpaid. Also available in PDF format for $20.00. Both printed and PDF are $33.00.

Copies will be mailed to JRCS members with an enclosed invoice. Advance payment is not required.

Note: $1.00 is donated to both the JRCS and the BHNC for each copy sold.

Please contact Steve at Herrman102(at)aol.com to reserve your copy.

Thanks,

Steve Herrman
JRCS LM 28
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Continuing the half dollar theme, we received the following from Sheridan Downey:

My annual summer ANA sale is now ready for preview.  Mail Bid Sale 47 closes at 6 PM EDT, Wednesday August 15, 2018, day 2 of the Worlds Fair of Money in Philadelphia.  Dates, varieties, grades and photos of the coins are posted here:

The 114 lot sale is amazing!  It is anchored by The Cape Cod Collection, a very special assemblage of more than 50 AU and UNC bust halves, quietly assembled over the past 20 years by a Massachusetts collector.  Keith Davignon, Rhode Island's finest architect, has graciously chipped in with more dazzling busties from his renowned collection.  So has my good friend Dr. Charles Link, owner of the finest collection of bust halves ever assembled.  Descriptions of the coins will be posted later in the month.  A hard-copy catalogue will be mailed near the end of July.  If you've been an active bidder or buyer look for one in your mailbox.  Internet bidding will open around August 1.

If you cannot make it to the Convention this year and would like to preview lots in the comfort of your home or office let me know.  Your favorites can be on your desk tomorrow via US Express Mail or Fed Ex.  You pickup the shipping costs.  I'll take care of the insurance -- up to $50,000 per box.  Auction lots will also be available for preview during the Bust Half Nut Club's "Corn Roast," Monday August 13 and at my bourse tables 1022-1024 Tuesday and Wednesday, August 14-15.  (You might want to earmark the ANA's Interactive Floor May, found here:

Sunday, June 17, 2018

JR Newsletter: 17 June 2018 (399)

We received no contributions for this week's JR Newsletter.

Due to my travel schedule, there will be no newsletter on June 24th.  Contributions are still welcome in the interim!

Sunday, June 3, 2018

JR Newsletter: 3 June 2018 (398)

Before we get to this week's contributions, please note that I will not be able to publish a newsletter next week.  Contributions received between today and June 17th will be published on June 17th.



We have two contributions this week.  First contribution came from Glenn Marx:

In response to Rick A's post in the 5/20/18 JR Newsletter about reduced size bust quarters and his cherry pick of an 1835 B-3 PCGS VF25...
That's great to hear about your recent cherry pick, and the others you have accumulated.  I believe there are good buys in the lower grade reduced size bust quarters for those that want to collect them by year, Red Book variety, or die marriage.  While the higher-grade coins are going to attract the higher prices and increased attention if they are condition census for a die marriage, collectors of the series in the VF/XF or VG/F areas are going to have some good chances at nice prices.

While they may appear to be stagnant, there are some who collect the entire bust quarter series as well as some who collect the reduced size bust quarters exclusively.  I think there are a fair number of collectors of reduced size bust quarters, but maybe most have the majority of the pieces they need and it's leaving the opening for others to enter into collecting the series.

Ricks cherry pick of an 1834 B-5 is a good one with the highest coin graded for the die marriage being two MS62 examples with a census that drops quickly to lower grades.  Considering the low mintages of reduced size bust quarters, which always attracted me, it's nice being able to find the difficult die marriages in lower collector grades.  The reduced size bust quarters are also very interesting to study with all of the die marriages that late die states with many obverse and reverse die cracks along with clashing.

With the exception of 1835, reduced size bust quarters had a lower mintage than all of the other silver denominations.  In 1835 the bust dime had the lowest mintage.  The reported mintages of reduced size bust quarters are below.

Year    Mintage    Die Marriages
1831    398,000      7
1832    320,000      2
1833    156,000      2
1834    286,000      5
1835    1,952,000   8
1836    472,000      5
1837    252,400      6
1838    366,000      1

Glenn Marx
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Our second contribution comes from David Perkins:

I’d like to announce that W. David Perkins Numismatics will be holding another Extraordinary Dime and Half Dime Sale at the 2018 ANA World’s Fair of Money in Philadelphia in August.  

As in our past sales, some lots will be offered via Fixed Prices and others through a Sealed Bid Sale.  The sale will offer examples for those collecting by date, type, die marriage, die state, and for those who like to own an example pedigreed to some of the great collectors of the past and/or one plated in one of the reference books.  In this case, this means Eliasberg, Gorman, David Davis, Russ Logan, and others.  Rare die marriages consigned at this time include a fair number of R-4 to R-6 die marriages.

All coins will be photographed in color (a few sample photos below) and described in detail in a catalog that will be sent electronically to all of those who are on my early half dime and dime distribution lists.  If you would like to be added to either or both distribution lists, please send your name and e-mail address to me at wdperki(at)attglobal.net.  If you are not sure if you are on one or both of these lists please send me an e-mail and I will verify this for you.  

W. David Perkins
Centennial, CO


Cell 303-902-5366







Sunday, May 27, 2018

JR Newsletter: 27 May 2018 (397)



Dave Wnuck wrote:

I recently purchased this coin (image below).  Both sides have hard mirrored surfaces, and the devices are frosty.  The coin is quite hairlined, but in hand the coin looks like a no question proof to the naked eye.  I don't believe this is a proof (they don't exist for 1837), but I am wondering if this was one of the coins that was called a proof by auction catalogers in earlier times. 

The photos are courtesy of the PCGS TrueView service.

I'm wondering if JR Newsletter readers have seen similar fully prooflike exampled of this variety.

Sincerely,
Dave Wnuck



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Jim Matthews wrote:

I have placed a number of interesting Capped Bust Dimes in the Great Collections auction (greatcollections.com) that closes after 8 PM Eastern Time (5 PM Pacific Time) today. There are some tougher die marriages, as well as a few late retained cuds to tempt buyers who have an interest in such things.

I’ve included an 1820 STATESOF JR-1 dime in PCGS XF40, which is a tough die marriage and a lot scarcer than the 1814 STATESOF dime in my experience. Also included is a nice but low grade example of the rare 1820 JR-12, R-5+ in PCGS AG03—PCGS has only graded 7 examples of this variety with the attribution on the holder (there are likely others without the attribution too, but not many).

I sent along a scarce 1827 JR-9 that’s graded PCGS VF25; this is a die marriage that is scarce in grades above fine, with PCGS having graded only 7 of these in all grades. I also consigned an 1827 JR-12 in NGC VG-08 from the Jules Reiver Collection—hard to believe the Reiver auction was over 12 years ago now, but his coins always have a special place in my heart.

In addition, there’s a pleasing 1831 JR-5 with a very late retained cud at UNI in PCGS VG-08, a popular issue when the cud is found this advanced. Check out the image, and you can see where a piece of that reverse die was just about gone from the rim to the tops of UNI.

Next in line is the 1832 JR-3 from the Eric P. Newman Collection, graded NGC AU58 CAC. This coin also shows advanced cracks and a retained cud on the lower right reverse at the arrows. Eric Newman wrote on his coin storage envelope (included with this lot) “Extraordinary die break on reverse which must have destroyed the entire bottom of the die. Very fine.  $3.00” Newman clearly liked this coin too!

Another rarity (R-5+) is of the 1833 JR-3 in PCGS VG08. PCGS has graded 8 examples of this elusive die marriage—most are tied up in long term collections. This example shows the retained cud that has formed from the final A of AMERICA to the top two arrowheads. That cud developed quickly on this reverse and is the reason this die marriage is so hard to find. 

I decided a few years ago to break up my hoard of 1834 JR-6 dimes with the triple die failure on the reverse. Among these, there’s a nice example graded PCGS XF40 with the reverse retained cud at ATES of STATES and another atop the final A of AMERICA through the three arrowheads. 

I hope some of these coins stay within the John Reich family of collectors!

Jim Matthews

Editor’s Note:  Here is a link to all of the Capped Bust Dimes being auctioned at Great Collections:  https://www.greatcollections.com/Series/30/Capped-Bust-Dimes

Sunday, May 20, 2018

JR Newsletter: 20 May 2018 (396)

We had a few responses to last week’s comment about a coin advertised as an 1802 half dime in an auction:

James Higby wrote:  With regard to Pete Smith's query about the "1802" half dime that sold for $2900, anyone who has studied early U.S. coinage knows that the "2" in the date of the 1802 half cent, half dime, and dime was created with a punch that was grossly undersized compared to the others.  You don't need a book or even a magnifying glass to know this one is fake.  

My guess is that the buyer of this piece knows that as well, but has a client somewhere who does not.  A similar situation occurred in my town some years ago when a local auction sale of a fake "1799" large cent was won by a coin dealer who actually had a storefront in town.  I was sitting right next to him and, before he started bidding, I asked him if he had taken a "good look" at the 1799.  He said, "Sure, but it doesn't matter, because I'm going to ship it to South America."  I presume he profited handsomely from his $650 purchase of the altered 1798.  I happened to have my copy of Noyes with me and showed it to the owner of the auction house, who pointed to a sign that read, "All items sold as is, where is."

Dave Wnuck wrote: Hi All, It looks like that "1802 Half Dime" in that auction was actually an 1802 Half dollar.  Sincerely, Dave Wnuck

Mark Verbeck wrote:  I'm sure you will agree that the "1802 half dime" listing posted by Pete Smith bears no resemblance to the real thing.  My first reaction was that it looked quite a bit like a half dollar, and it seemed a reasonably close match to the 1802 dies.  I checked the Silver City Auctions website, and the archived description for Lot 147 in their March 21 sale now reads: "1802 Half Dollar XF."  Best regards, Mark Verbeck 

As I read the original contribution by Pete Smith and the above comments (plus a few more that writers did not prefer be published), I got to thinking that “back in the day” without the denomination on the coins, it was incumbent upon users of the coins to be familiar with the design and sizes of their coins if they wished to be able to decipher the difference between denominations…else they suffer financial loss.  Sort of like how we must differentiate between half dimes, dimes, quarters, and half dollars via the internet where all coins can be presented in the same size format.  Editor
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Brad Karoleff wrote regarding the “JRCS Bid or Buy Sale” (in the latest issue of the John Reich Journal). Brad advised that the Ed Price catalog has been sold.  Check out the sale to see what might interest you!
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Rick A. wrote:

I cherry picked an 1835 B-3 R4+ quarter and received it in the mail today (photo below).  The obverse was easy but I contacted the seller about if the reverse had a tongue to confirm variety, which it did. 1835 B-3 PCGS 25 purchased at nearly grey sheet price.   I would like to hear comments from small size bust quarter collectors. Have accumulated around 20 different pieces.  Started with red book varieties then cherry picking key varieties but put aside until recently to work on red book varieties of Bust Halves 1807-1839-O. Small size quarters appear to be dead money as there appears to be not much premium on R4 and R5 varieties except in higher grades as many rarity ratings have been downgraded from Browning's book to the more recent census and Steve Tompkins book which I use. I did cherry pick an 1834 B-5 PCGS VF35 back in March for a little more what slabbed VF35s have been selling for in auctions.         

Thanks,
Rick A.


Sunday, May 13, 2018

JR Newsletter: 13 May 2018 (395)



Pete Smith wrote about a recent sale:

I recently became aware of a sale by Silver City Auctions, March 21, 2018, lot 147. The coin was described as an 1802 half dime in uncertified XF and sold for $2900. There are probably many diagnostics but I noticed the position of the first star near the hair curl. This is a very expensive fake.

Did this slip by the numismatic community unnoticed? Does the auction company frequently offer fake coins? I am not aware of any outrage published in the numismatic press.
Can any JRCS member identify the host coin, or is this a new fabrication? Will there be others out there?



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John Okerson wrote:

I am a collector and pre-1839 coins are of considerable interest because many have character  - cuds, cracks and such.  I worked on US Silver coins with cuds, cracks and curiosities before 1892 for several years, but there are so many items, it is tough to even collect their pictures, no less the coins themselves.  CBRE halves is a 4 year series and even so, has over 30 coins that strike my interest.  The 1836 RE and 1838-O are difficult and not likely to be added anytime soon.  When I was offered an unattributed 1839-O GR-4, I couldn’t turn it down.  Moving forward is not easy – there are a good number of coins available, but most are pretty, but not cracked pieces.  Hopefully someone will have some and be willing to sell or at least share a copyright-free picture with me.  I have Dick Graham’s book and it shows some of them though often in small size.  I like pictures of 2 to 5 MB in size and high resolution.  My plan includes reviewing Jules Reiver’s Variety Identification Manual for this series.  As of now, I haven’t checked my Breen Encyclopedia for what tidbits may be hidden there.

Please feel free to contact me at johnokerson(at)gmail.com or leave me a phone message at 901-338-8999.

Looking forward to hearing from you. 

John Okerson

Sunday, May 6, 2018

JR Newsletter: 6 May 2018 (394)


Although we have no specific contributions from readers this week, your editor thought this would be a good time to highlight two items from the most recent issue of the John Reich Journal (April 2018, Volume 28, Issue 1):

1.  The JRCS "Buy or Bid Sale" is on pages 38-40.  The sale is intended to offset the cost of designing the new JRCS web site (which can be seen here:  http://www.jrcs.org/index.php ).  Among items available, one finds a complete set of JR Journals through Volume 22, Issue 1, including the very tough to find Volume 1, Issue 1.  Half dimes, dimes, quarters, and a half dollar are also available for bidding/buying.  Plus there are more items, check it out!

2.  David Perkins is collecting census information for bust dollars (see page 2 of the latest JR Journal).  Send your census information to wdperki(at)attglobal.net

Sunday, April 29, 2018

JR Newsletter: 29 April 2018 (393)





Brad Karoleff wrote to advise that the latest issue of the John Reich Journal has been mailed.  In it you will find the JRCS Buy or Bid Sale.  Your bids and purchases will help to offset the cost of the website construction of the past year.
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As a reminder, Nominations for the JRCS Hall of Fame class of 2018 are now OPEN, but only for a short while longer. You can nominate candidates for either the veteran (those who contributed before the advent of JRCS) or the modern (those who have been members of JRCS) categories. Please include any pertinent information about the nominee that you feel necessary. Nominees will then be voted on by the HOF committee and the inductees will be announced at the annual meeting at the ANA convention in the summer. Please forward your nominations to bkaroleff(at)yahoo.com or to jrnewsletter(at)gmail.com 

Sunday, April 22, 2018

JR Newsletter: 22 April 2018 (392)

Nathan Markowitz wrote:

I want to remind all JRCS members that you are cordially invited to the 2018 EAC convention in Traverse City Michigan Thursday May 3 through Sunday May 6 at the Grand Traverse Resort https://www.grandtraverseresort.com/.  There is no charge to attend and we can attend all events except one needs to be an EAC member to bid in the auction Saturday night.

The convention chair has arranged a Silver happenings room for anyone wanted to display their early silver die marriages Thursday evening.  There will be a colonial, half cent, and large cent room as well.  Please let me know if you plan to attend and have anything of particular interest to display.

Nathan, cascades1787(at)yahoo.com
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David Kahn wrote:

Brian Greer and David Kahn will be sharing a corner booth at Central States this week.  Please stop by and see our great selection of Bust, Seated and lots more too!  Table 705.

Thanks!
Dave


Sunday, April 15, 2018

JR Newsletter: 15 April 2018 (391)




Nathan Markowitz wrote:

I was pleased to recently acquire an early die state of an 1807 Browning 2 quarter dollar (pictured below next to a typical late state example).  Despite looking for some years I have only seen two high grade examples. I even wondered if the few early unbroken reverses were saved as an explanation. 

(Other notable early silver coins with rare early states include two personal favorites:  the 1798 dollars B-5 and B-16 which are also duly admired for their dramatic breaks yet rarely exist unbroken)

I would be eager to see images of additional examples of 1807 B-2 in circulated grades without the telltale reverse break...please post if you happen to have one

Nathan




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Nominees for JRCS Hall of Fame

Nominations for the JRCS Hall of Fame class of 2018 are OPEN for a few more weeks.

The membership is encouraged to send nominations for the Hall of Fame at any time. You can nominate candidates for either the veteran (those who contributed before the advent of JRCS) or the modern (those who have been members of JRCS) categories. Please include any pertinent information about the nominee that you feel necessary. Nominees will then be voted on by the HOF committee and the inductees will be announced at the annual meeting at the ANA convention in the summer. We look forward to seeing your nominations!

Please forward your nominations to bkaroleff(at)yahoo.com or to jrnewsletter(at)gmail.com

Sunday, April 8, 2018

JR Newsletter: 8 April 2018 (390)


Bryce Brown wrote:

I'm holding a "50% off" sale of JR Journal past issues to try to reduce the JRCS inventory.  This offer is valid for all orders received in April.  Don't delay, because I only have one or two of many of the scarce issues.

Thanks!
Bryce
numismatics(at)att.net

Bryce Brown
PO Box 16
Avon, CT  06001-0016
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Charles Louie wrote:

Greetings from Paris ...
Here are three of the photographs that I took yesterday at the Paris Mint Museum, le Musée de Monnaie.

The old Castaing Machine is no longer there, since my last visit of the museum several years ago.  The museum just reopened in the fall of 2017, after a complete renovation.
I wonder if I should write a short report on this machine which was used by the French Mint to add letterings to the edges of the coins in the late 1600s, a machine which I have never seen, but which I am sure is known to a few American numismatists.  What are your thoughts?

All the best from Paris,
Charles Louie














Sunday, April 1, 2018

JR Newsletter: 1 April 2018 (389)

We received no new contributions for this week's newsletter.

Sunday, March 25, 2018

JR Newsletter: 25 March 2018 (388)



David Perkins provided this week's content:

The Whitman Baltimore Show turned out to be a good one, despite the weather keeping a number of collectors and dealers away.

Those who traveled to Baltimore on Monday or Tuesday had no problems getting in.  Snow and wind were predicted for Wednesday, and sure enough, my morning flight from Denver to Baltimore was cancelled just before I arrived at the airport.  It turns out the Baltimore airport was closed.  I checked with United, and learned two runways were open at Washington Dulles.   I was able to get one of the last seats on this flight, arriving at Dulles about the same time as I would have arrived in Baltimore.  I was told the flight might not be able to land, the pilot had taken on extra fuel in case the flight was diverted, and that the drive from Dulles to Baltimore (a little over 60 miles through D.C. traffic) would be tough to impossible.  I checked, and Uber had “four wheel drive cars” available for only $300.00 one way…  

I look out the window of the plane as we landed, and there appeared to be only an inch or two of snow on the grass with much water and a little slush on the runway.  On the way to the baggage, I asked a “limo driver holding a sign” how the highways were.  He said that they were fine for the most part.  

I booked a regular Uber for $93.00, and was pleased when I learned it was 4WD Jeep Grand Cherokee (without the $200 premium!), a great vehicle in the snow.  He said the drive might take two hours or more due to the weather and traffic.  I kept asking “where were all the cars?”  Turns out that they had closed the schools, government offices and businesses – there were hardly any cars on the road the entire distance, despite driving during what should have been early rush hour.  We arrived at the Convention Center (security) in a little over one hour.  Where was the snow?  Why did they close the airport?  Oh well, I’m here.

And I’m glad I made it.  Thursday was dealer set up, and Thursday afternoon I was rewarded for my travel efforts when a dealer offered me a virtually perfect and undergraded 1795 Flowing Hair Dollar in PCGS AU50 (CAC).  Less than an hour later this “Wow Coin” had a new home with a very happy collector.  

Business was actually quite busy on Thursday and Friday despite some “now shows” and was even good on Saturday.  And didn’t stop up until the time I had to leave for the airport - I accepted a Capped Bust Dime Consignment and sold a beautiful 1825 Capped Bust Half Dollar in PCGS MS64 (CAC) while packing up to head to the airport.  (the "headline coin" for today's newsletter)

And best of all, I saw and talked to a lot of collectors, dealers, and met quite a few new collectors at the show.  

W. David Perkins
Centennial, CO


wdperki(at)attglobal.net